Jio Platform IPO oversubscribed massively on day two of bidding

Jio Platform's IPO has demonstrated robust market appetite, achieving full subscription across retail, institutional, and other investor categories within two days of the bidding period. The overwhelming response underscores strong investor confidence in the digital services subsidiary of Reliance Industries.

The offering, which aimed to mobilize ₹30,200 crore, has received bids worth ₹3.68 lakh crore, reflecting a subscription multiple significantly exceeding the target. The strong showing across all categories indicates broad-based investor interest spanning retail participants, qualified institutional buyers, and corporate entities.

Jio Platform's IPO forms part of Reliance Industries' strategy to unlock value in its digital services operations and accelerate investment in digital infrastructure and technology-driven businesses. The strong demand for the issue reflects investor recognition of the platform's growth potential in India's expanding digital economy.

The exceptional subscription levels position Jio Platform among the largest IPO offerings in the Indian capital markets, highlighting sustained investor appetite for technology and digital services companies operating in one of the world's fastest-growing internet markets.